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Teekay Tankers Ltd. Message Board

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  • richardleeds richardleeds Jul 27, 2011 2:06 PM Flag

    Deutsche Bank says these shares should by $4 share

    meaning Genco, but that should apply tp the entire sector.

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    • When it cmes to Genco (GNK), I would agree, their release indicated a much lower income stream, but ready cash remained about the same level.
      The only good thing happening right now is that scrappings for 1st half 2011 are 219% above last years', an indicator that older vessels are not worth refitting to newer emissions standards.
      What does it mean for TNK? I'm not sure, the entire sector is suffering along with most of the market, but I think if TNK falls below $8, it might be worth picking some up for speculation.
      Theory to be tested, I have a limit order for $7.97 set now.
      Best to all, comments and discussion encouraged.

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